diff --git a/RELEASE.md b/RELEASE.md
index 6d9987e314..dc1abe9135 100644
--- a/RELEASE.md
+++ b/RELEASE.md
@@ -1,23 +1,12 @@
 # Release Process
 
-1. Send an announcement that a release is underway to the committer's lounge on
-discourse.numenta.org and ask reviewers not to merge PRs in nupic.core until
-you're done with the release.
-2. Create a PR that includes:
-    - Release notes added to CHANGELOG.md (start with `git log <last-release-tag>..HEAD --oneline`)
-    - Change to the VERSION file so it matches the intended release version
-3. Wait for the PR to be approved and merged, and the Bamboo build to complete
-successfully, along with the corresponding AppVeyor and Travis builds.
-4. Create a "release" in Bamboo with a version matching the intended release
-version
-5. Deploy the release in Bamboo. This will:
+1. Select a green build in Bamboo that has the changes that you want to release
+2. Ensure that this build has the correct version in the VERSION file
+3. Create a Bamboo release with version matching the VERSION file in the repo
+4. Deploy the release in Bamboo. This will:
     - Validate that the Bamboo release number matches the wheel versions.
     - Push the wheels to PyPI
     - Push the source archive to S3
-6. Create a new Github "Release" at https://github.com/numenta/nupic.core/releases/new
-    - Along with the creation of the release, there is an option to create a git tag with the release. Name it "X.Y.Z" and point it to the commit SHA for the merged PR described in #2 above.
-    - Release title should be "X.Y.Z"
-    - Release description should be the latest changelog
-7. Create a PR that includes the following, and wait for this PR to be approved and merged:
-    - Change to the VERSION file with the next expected release and ".dev0" as suffix. For example, if the release was 0.5.0, then change it to 0.5.1.dev0
-8. Send an announcement to the committer's lounge on discourse.numenta.org that the release is complete.
+    - Create a Github release
+    - Tag the repo commit with the version
+    - Bump the VERSION file to the next bugfix release number
diff --git a/VERSION b/VERSION
index e7526496c2..7dea76edb3 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-1.0.1.dev0
+1.0.1